Are online car insurance quotes accurate?

Looking at insurance online? Here's what you need to know...

If you are getting a new car, you are probably keen to ensure that you get the best deal on your insurance. And, it’s important to know which cars will be cost effective for insurance purposes.

Insurance is one of the biggest additional costs when it comes to getting a car, regardless of whether you are leasing or buying. So, it’s important that you can find the best insurance deal for you to ensure that it doesn’t take you up and over your budget.

Over the years we have advised thousands of customers on the right car for them, and insurance groups are an important part of that.

With this in mind, we wanted to make sure that you are fully knowledgeable about how you can get accurate insurance quotes and budget effectively. It should be noted here that we are not insurance experts, and if there is anything you are unsure on we recommend contacting an insurance broker. However, we can advise, which is what we are going to do.

Are online car insurance quotes accurate?

It depends on how you complete your information. All insurance quotes are based on risk to the insurer, so if you do not enter the correct car details then the quote may not be accurate.

It is very important to be absolutely sure about the questions you are answering online. So, if you aren’t 100% sure about something, find out first.

It is also important to note that if your details change between when you get the quote and when you set up the policy, the price could be different. So, if your address changes, you get points on your license or you develop a health condition then your insurance could be affected. We would recommend speaking to an insurance specialist for full advice on this.

There isn’t a ‘one size fits all’ when it comes to insurance. So, you might find that one insurance company places something at a higher/lower risk than another. It would be advisable to do your research before you make a final decision. We’ll go onto what sort of things you can do to lower insurance price in a bit.

car finance on someone else's behalf

What are the risks of getting car insurance online?

Can a Lease Car be Insured in Someone Else’s Name

There are risks with getting car insurance online but they can very easily be avoided. One of the main risks is that it is down to you to get every detail right. Which we’re sure will happen, but some customers have experienced some minor challenges when it comes to this.

For example, a common challenge when it comes to sorting out car insurance for leasing is that of who owns the vehicle. The insurance company needs to know who owns the car, and naturally some people would put their name. However, if they are leasing on a contract hire, then they don’t own the vehicle. The finance house does. It’s the finance house’s name on the log book and the insurance company needs to know this. You can read our article on who the registered keeper is on a lease car here

But, there are ways to avoid challenges. You just have to be prepared. For example;

  • Ask your vehicle supplier for all the exact details of the car. This assures you that you are conveying accurate information
  • Speak to an insurance specialist – don’t always rely on email or online information
    • This is pretty obvious but it’s always a good idea to get an expert opinion
  • Understand the finance agreement or lease agreement so you know how to explain it to the insurer and get the right quote
  • Get up to date quotes if your circumstances change
  • Find out how long your insurance quote is valid for
  • When looking at cars, always consider the insurance groups. Sometimes that really good deal could end up taking you up and over your budget when you include insurance and there may be similar cars which could be slightly more cost effective. A reputable supplier will be able to inform you about the insurance groups of the cars you are considering.

What affects the price of insurance?

There are quite a few things that affect insurance, some of these can be controlled and some can’t.

These include things such as;

  • Where you live
  • The type of car
  • How old you are
  • Your driving experience
  • Any criminal convictions
  • Driving convictions
  • Penalty points
  • If you have any extra qualifications such as the pass plus scheme
are online car insurance quotes accurate

How to choose the right insurance company

As I mentioned before, there is no ‘one size fits all’ when it comes to insurance and it’s the same with insurance companies. Each company and policy is bespoke to that individual, so it’s important you choose the right company for you. Some of the things you want to be looking out for are;

  • If they are reputable
  • That their terms and conditions are extremely strict
    • You want to be able to make a claim if you need to
  • That they’re offering you the right type of coverage
    • It might be a great deal but it might not be offering you the coverage you need

Which cars are the cheapest for insurance?

Because there is so much that affects the price of insurance, there’s not a set answer to this question. However, you tend to find that the smaller city cars are less to insure. These include cars such as;

So, online insurance quotes are accurate, as long as you are completely honest about your situation. However, each insurance company calculates insurance differently, so don’t be put off if you are given several different prices during your research. When choosing an insurance company it’s important to make sure that they are reputable and are offering you the right coverage for you.

who pays for insurance on a lease car
vehicle broker guide
Andrew Kirkley
Latest posts by Andrew Kirkley (see all)
  • 21st October 2016

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